Kentucky Mountain Laurel Festival Inc

Nonprofit profile at a glance

EIN
611062793
IRS 990-EZ coverage
2021–2022
Forms available
Form 990-EZ 2022
Location
Pineville, KY, USA
Phone
6063376103
Rating
84
Verdict
STRONG
Rating confidence
Moderate

Reported finances

Revenue
$165,432
Expenses
$161,916
Assets
$3,673

Source: IRS Form 990-EZ. Selected filing: tax year 2022. Amounts in USD.

Leadership & pay

4 people listed

Executive titles in this filing

  • NEALE BENNETT (PRESIDENT)

People named in this filing

  • LINDSEY ROSS (CHAIRMAN)
  • KRISTY BURNETT (TREASURER)
  • SHANDA SAMS (SECRETARY)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2022. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Operating long running festival in pineville, ky

What it reported doing in 2022

Queen & princess coronation events: queen candidates from Kentucky colleges & universities vie for he long-running title of the Kentucky mountain laurel festival queen. Candidates are ambassaders for their hometowns & colleges. Princess candidates are from area high schools and compete for the title of kmlf princess as ambassadors for that school & community. These events promote dissemination of our culture and heritage as the candidtes take back with them a better understanding of our region and culture. They tell about "the festival" to those they meet. These events culminate with separate coronations ceremonies that are popular. Attendance est 30,000 all attendees benefit.

Operating model

Revenue model
Earned-program. 62% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Program spending has declined or grown slowly and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 99
  • Transparency & Controls: 82
  • Sustainability: 23
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 97.9%; rating input score 98
  • Program expense ratio: 100%; rating input score 100

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 2.1%; rating input score 40; 40th percentile among comparable filings
  • Total-asset coverage ratio: 0.02; rating input score 4; 4th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 3.1%; rating input score 26; 26th percentile among comparable filings

Growth

  • Program expense growth: -10.5% per year; rating input score 0; 14th percentile among comparable filings
  • Revenue growth: -4.1% per year; rating input score 0; 13th percentile among comparable filings
  • Asset growth: 183.6% per year; rating input score 100; 100th percentile among comparable filings

Details

  • Where the money goes: 97.9% of revenue deployed · 100% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 4 filed program accomplishments · $162K in reported program spending
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 1 filed schedules
  • Filing history: 2 filing years from 2021 to 2022
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 4/100.
  • Moderate — Sustainability: Operating margin scored 40/100.
  • High — Sustainability: Officer compensation ratio scored 26/100.